Chinese automaker BYD, backed by Warren Buffett’s Berkshire Hathaway, has announced plans to invest $1 billion in the construction of an electric vehicle plant in Turkey. The investment contract was signed with the Turkish government on July 8, in the presence of Turkish President Recep Tayyip Erdogan. The new facility, with an annual production capacity of 150,000 vehicles, is slated to begin operations by the end of 2026. #BYD #warrenbuffett